SkyWater Technology

Skywater Technology, Inc. is a holding company, which engages in the provision of semiconductor development, manufacturing services, and packaging services. The company was founded on October 3, 2016 and is headquartered in Bloomington, MN.

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SkyWater Technology achieves record Q4 revenues and eyes 25% annual growth

SkyWater Technology reported a strong finish to 2022 with record revenues and expects continued growth in 2023 driven by established programs and strategic partnerships. The company's focus on efficiency gains, automation, and modernization supports positive EBITDA growth and balance sheet strengthening.

SkyWater Technology posts record revenue and aims for strong growth

SkyWater Technology reports strong Q1 2023 earnings with record revenue and exceeding gross margin performance. The company's strategic positioning, focus on efficiency gains, and optimism towards CHIPS funding highlight growth potential. Challenges include balancing demand across segments and addressing weaknesses in consumer-side demand.

SkyWater Technology (SKYT) achieves record revenues and targets strong growth

SkyWater Technology (SKYT) delivered robust financial performance in Q2 2023, driven by record revenues and strong gross margins. Despite supply chain challenges, the company remains focused on innovation, efficiency gains, and capturing growth opportunities. With a strategic focus on key markets and technology-as-a-service model, SkyWater is well-positioned for long-term growth and profitability.

SkyWater Technology reports record Q3 revenues, eyes growth opportunities

SkyWater Technology's Q3 performance reflects strong revenue growth and operational improvements. The company's focus on technological advancements and strategic partnerships positions it well for future growth. Challenges include maintaining revenue stream balance and ensuring transformation investments yield desired outcomes.

SkyWater Technology reports record Q4 revenues and aims for profitability in 2024

SkyWater Technology's Q4 performance showed revenue growth and a focus on profitability. While facing challenges in the Wafer Services segment, the company is leveraging strengths in aerospace, defense, and bio health applications for future growth. Opportunities lie in ATS development revenue growth and business transformation.

SkyWater Technology reports record revenue, eyes margin expansion ahead

SkyWater Technology (SKYT) had a strong quarter with record revenue, but faced challenges with profitability due to additional costs. Despite this, the company's unique value proposition and focus on innovation present opportunities for growth and margin expansion.

SkyWater Technology (SKYT) reports record revenue and positive EPS, eyes growth

SkyWater Technology (SKYT) delivered a strong performance in Q2 2024, achieving record revenue and positive EPS. The company's strengths lie in securing funding, stable revenue expectations, and forecasted growth. Challenges include meeting profitability targets, while opportunities exist in advancing programs and meeting customer demand.

SkyWater Technology reports record Q3 earnings and eyes strong 2025 growth

SkyWater Technology's Q3 2024 performance reflects robust revenue and margin growth, with strategic agreements and project selections enhancing its market position. While challenges in scaling the advanced packaging business exist, the company is poised for significant revenue growth in 2025, particularly in A&D and advanced packaging.

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Skywater Technology, Inc. is a holding company. It engages in the provision of semiconductor development, manufacturing services, and packaging services. The company was founded on October 3, 2016 and is headquartered in Bloomington, MN.

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of two accomplished professionals to its board of directors: Dennis Goetz and Joseph Humke, effective April 1, 2024. Both individuals bring valuable expertise and experience that will significantly contribute to the strategic direction and growth trajectory of the company. Mr. Goetz will serve on the Board's Audit Committee and Mr. Humke will serve.

SkyWater Expands Board of Directors with Appointment of Dennis Goetz and Joseph Humke

SkyWater Technology, Inc. (SKYT) Q4 2023 Earnings Call Transcript

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the fourth quarter and full fiscal year 2023 ended December 31, 2023. Financial Highlights for Q4 2023: Revenue increased 22% year-over-year to a record $79.2 million. Gross margin decreased to 15.2% on a GAAP basis, compared to 25.4% in Q4 2022, and decreased to 17.4% on a non-GAAP basis, compared to 26.1% in Q4 2022. Net loss to share.

SkyWater Technology Reports Fourth Quarter and Full Fiscal Year 2023 Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it has signed a production agreement with Nautilus Biotechnology, Inc. to supply silicon-based microfluidic bio chips for Nautilus' proteome analysis system. This marks a significant milestone for SkyWater as Nautilus transitions from its Advanced Technology Services (ATS) custom development program to SkyWater's Wafer Services program. Through SkyWater's Technolo.

SkyWater Signs Production Agreement with Nautilus Biotechnology to Fabricate Novel Biomedical Devices

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report fourth quarter fiscal 2023 financial results for the period ended December 31, 2023 following the close of the market on Monday, February 26, 2024. The same afternoon, management will host a webcast to discuss its business and financial results. SkyWater Technology Fourth Quarter Fiscal 2023 Earnings Webcast When: Monday, February 26, 202.

SkyWater Technology to Announce Fourth Quarter Financial Results on February 26, 2024

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KISSIMMEE, Fla.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, and Deca Technologies (Deca), a leading provider of advanced electronic interconnect technology, today announced the kick-off of a significant new Department of Defense (DOD) effort to expand domestic fan-out wafer level packaging (FOWLP) capabilities for both government and commercial customers. These capabilities will be made possible through the five-year DOD contract recently aw.

SkyWater Florida and Deca Technologies Announce $120M DOD Award to Expand Advanced Packaging Capabilities in Osceola County, Florida

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that management is scheduled to participate in the 26th Annual Needham Growth Conference, taking place at the Lotte New York Palace Hotel on January 17th and 18th. SkyWater's presentation will be webcast live on Thursday, January 18th at 8:45am EST. The presentation material utilized during the conference, as well as the live and archived webcast link of the prese.

SkyWater Technology Announces Participation in 26th Annual Needham Growth Conference

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it has submitted a full application to the CHIPS Program Office of the U.S. Department of Commerce for funding through the CHIPS and Science Act. The application is for modernization and equipment upgrades to enhance production at the company's Minnesota DOD Trusted semiconductor manufacturing facility. SkyWater is now planning for the next phases of due diligence.

SkyWater Submits Application for U.S. CHIPS and Science Act Funding to Modernize Equipment and Enhance Production at its Minnesota Facility

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced management's participation in the 12th Annual NYC Summit, being held Tuesday, December 12th at Mastro's New York. The presentation material utilized during the NYC Summit will be made accessible on the events page of SkyWater Technology's Investor Relations page: https://ir.skywatertechnology.com. About the 12th Annual NYC Summit The NYC Summit is collectively hos.

SkyWater Technology Announces Participation in 12th Annual NYC Summit

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q3 2023 Earnings Conference Call November 8, 2023 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - President and CEO Steve Manko - CFO Conference Call Participants Nick Doyle - Needham & Company Richard Shannon - Craig Callum Capital Operator Good afternoon. My name is Adra, and I will be your conference operator today.

SkyWater Technology, Inc. (SKYT) Q3 2023 Earnings Call Transcript

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology, Inc. (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the third quarter of 2023, ended October 1, 2023. Financial Highlights for Q3 2023: Revenue increased 37% year-over-year to a record $71.6 million. Gross margin increased to 19.8% on a GAAP basis, compared to 15.8% in Q3 2022, and increased to 20.4% on a non-GAAP basis, compared to 16.9% in Q3 2022. Net loss to shareholders of $7.6 mill.

SkyWater Technology Reports Third Quarter 2023 Results

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology, (Nasdaq: SKYT), the trusted technology realization partner today announced a new SkyWater open-source 130 nm process design kit (PDK) from Cadence Design Systems, Inc., which will be available in the Cadence® VLSI (very large-scale integration) Fundamentals Education Kit. The kit teaches students how theories and concepts can be applied in the design of simple logic circuits and in the physical implementation of a simplified microprocess.

SkyWater Announces Availability of Cadence Open-Source PDK and Reference Design for SkyWater's 130 nm Process

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced that it intends to report third quarter fiscal 2023 financial results for the period ended October 1, 2023 following the close of the market on Wednesday, November 8, 2023. The same afternoon, management will host a webcast to discuss its business and financial results. SkyWater Technology Third Quarter Fiscal 2023 Earnings Webcast When: Wednesday, November 8, 202.

SkyWater Technology to Announce Third Quarter Financial Results on November 8, 2023

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, announced that John Sakamoto will be joining the company as president and chief operating officer, effective September 25, 2023. In his new role, Sakamoto will be responsible for all day-to-day business and manufacturing operations, driving consistent profitability, implementing growth strategies, and ensuring smooth and efficient operations across the enterprise. During the busi.

SkyWater Appoints John Sakamoto as President and Chief Operating Officer

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced it will offer customers a new semiconductor processing tool for atomic layer deposition (ALD), the Applied® Picosun® MorpherTM. Many devices, such as sensors and emerging memory technologies, require thin layers that can be deposited uniformly across the entire silicon wafer. By offering the Applied Picosun Morpher ALD tool from Picosun, an Applied Materials compa.

SkyWater Installs Atomic Layer Deposition System for Development and Production of Advanced Technologies

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the appointment of General (U.S. Army retired) Edward M. Daly to its board of directors, effective October 1, 2023. After honorably serving the Nation for 36 years, General Daly retired in May 2023. In his last assignment, he served as the 20th Commanding General of the U.S. Army Materiel Command, as one of only 16 4-star Generals in the United States Army. In thi.

SkyWater Announces Appointment of Retired U.S. Army General Edward M. Daly to its Board of Directors

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BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced its participation in the annual Jefferies semiconductor conference in Chicago. Jefferies Semiconductor, IT Hardware & Communications Technology Summit Four Seasons Hotel Chicago Wednesday, August 30, 2023 (meetings in Chicago) Thursday, August 31, 2023 (Jefferies-hosted fab tour at SkyWater Bloomington) The Summit consists of one-on-one and small group meeting.

SkyWater Technology to Participate in Jefferies Semiconductor, IT Hardware & Communications Technology Summit

SkyWater Technology, Inc. (NASDAQ:SKYT ) Q2 2023 Results Conference Call August 7, 2023 4:30 PM ET Company Participants Claire McAdams - IR Thomas Sonderman - President and CEO Steve Manko - CFO Conference Call Participants Nick Doyle - Needham Natalia Winkler - Jeffries Richard Shannon - Craig Hallum Operator Good afternoon, ladies and gentlemen. Welcome to the SkyWater Technology Second Quarter 2023 Financial Results Conference Call.

SkyWater Technology, Inc. (SKYT) Q2 2023 Earnings Call Transcript

BLOOMINGTON, Minn.--(BUSINESS WIRE)--SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced financial results for the second quarter of 2023, ended July 2, 2023. Highlights for Q2 2023: Revenue increased 47% year-over-year to a record $69.8 million. Gross margin increased to 23.9% on a GAAP basis, compared to 4.4% in Q2 2022, and increased to 24.7% on a non-GAAP basis, compared to 5.6% in Q2 2022. Net loss to shareholders of $8.6 million, or $(0.19) per.

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